SUSPENSE MONDAY....?

Dear friends,

Please know the overall view of the NIFTY SPOT (calculated from 8^th JAN 08) with some important FIBONACCI RETRACEMENT LEVELS

Traders and Investors should be very very careful when Nifty Spot touches 5575 and after that 5855.

WHY & HOW…?

LOOK AT DAILY CHART OF NIFTY SPOT.

You can clearly see the complete corrective wave of (6357.10-2252.75) is about to reach the end @ 5575

It reveals that at these levels 5575 & 5855

it is going to start a correction and that would be too heavy.

DOUBLE CLICK ON THE CHART & HAVE A CLEAR VIEW

AGAIN I REMIND YOU THIS IS AN OVERALL VIEW

(NOT A SHORT TERM WARNING)

So dear long-term investors,
Just let your funds in
SB/RD/CURRENT/FIXED

Accounts for now.

Market will give a great opportunity in 6 months.

NOW

DAY TRADING STRATEGY

OF NIFTY FUTURES (APRIL 12 )

Watch Nfutures kissing in any type of opening (Gap or normal) 5380 , and it goes to bull’s court

If and only if it stays above this level for 20 min.

Then watch an intra day hike upto 5405 at least

Otherwise…

A slide upto 5334 is possible..

But also remember a strong support @ 5345 (3 Days Exponential Moving Average)

in the middle.

More details during trading hours..

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Contact Admin (Editor) @

(0)9788563656

&

(04142)236656

-Mahindeesh (a) Sathish

Cuddalore-2

Tamil Nadu

India

KNOW YOUR BUSINESS JARGON (Continued…)

(Presented in an alphabetical order)

TODAY’S LESSON

71) AT BEST: When an investor places an order with a broker at best, he is not setting a price limit for buy or sell, but is leaving it to the discretion of the broker to transact the deal at the best possible price. Such orders are usually filled, whereas orders with buy or sell limits may not always be executed.

72) AT PAR: A price equal to the face value of a share, i.e., if the face value of a share is Rs10/-, it is being issued or selling at Rs10/-

73) AT THE CLOSE: Customer’s order to buy or sell within the final 30 second of trading. Order not always fulfilled.

74) AT THE MARKET: Option trading term, meaning that a CALL option has a market price for the optioned stock which is approximately the same as the call’s exercise price. Similarly, with the PUT option.

75) AT THE MONEY: Option contract on a share whose current market price is the same as the strike price of a call or Put option.

(To be contd…)

TODAY’S QUOTE

Every work of art is an uncommitted crime.

-THEODOR WIESENGRUND ADORNO

We try to tag along (or bear in mind)

TODAY’S QUOTES in day-to-day life, in our business united with our own innovative thoughts.

RELAX CORNER

JUST SMS TO YOUR PAL

If I could rearrange the alphabet,
I'd put U and I together

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